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The following refers to the pension spreadsheet (columns have missing amounts) for the current year for Pancho Villa Enterprises (PVE). Prior Service Cost 80 Plan
The following refers to the pension spreadsheet (columns have missing amounts) for the current year for Pancho Villa Enterprises (PVE). Prior Service Cost 80 Plan Assets 470 Net Pension (Gain)/Loss Expense Cash Net Pension (Liability)/ Asset 82 PBO 75 (105) (45) 75 ($ in millions) Debit(Credit) Beginning balance Service cost Interest cost Expected return on assets Gain/loss on assets Amortization of: Prior service cost Net gain/loss Loss on PBO Contributions to fund Retiree benefits paid Ending balance (85) (550) - 10 12 142 What were the retiree benefits paid? Multiple Choice $78 million. $71 million. $73 million. $64 million
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